The current price of a stock is 118. John buys a put option on the stock for 1.5, which expires in 6 -months with a strike price of 117 . If the risk free rate is 0.04, calculate the profit of the transaction (at time of expiration) if the stock is worth 113 in 6 months. Calculate the profit if the stock is worth 116 in 6 months. What John's maximum possible profit (valued at 6 months)